News | Memphis Investment Properties

America's Strongest Housing Market in 2014

October 26, 2011

Biggest home price increase projected in 2014: Memphis metro

Forecast 4-year price increase: 19.5 percent
Current median price: $91,000
Prices to reach trough in: 2008 Q4
Median family income: $54,400
Population: 1,304,930

In a recent market report by Clear Capital, Memphis was named the highest-performing major market, with quarterly price gain of 20.6 percent in this year's second quarter. According to Fiserv data, prices hit bottom in late 2008 and...

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Housing Market Plunges 16 Pct in Q2

July 11, 2011

Residential sales during the second quarter of 2011 proved to be an improvement from the previous quarter but still shy of totals during the same period last year.

Shelby County saw just 3,453 new and existing home sales in the second quarter (April 1 to June 30), a 16 percent drop from Q2 2010, which totaled 4,099, according to real estate information company Chandler Reports, www.chandlerreports.com.
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10 Best Cities to Buy Rental Property

June 27, 2011

The American dream of homeownership has dissolved into the daydream of a decent rental, and some cities are making it very easy on their month-to-month newcomers. Vacancies among the nation's rental properties dropped from 6.6% last year to 6.2% last quarter as 44,000 more units found renters during that period than during the same period a year earlier, according to Reis. That's the largest increase during that normally slow winter period since 2000 and the lowest vacancy rate...

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Memphis Occupancy Rates, Rents Trending Higher, Say Apartment Managers

June 2, 2011

The head of a Memphis-based company that manages 21,000 apartment units -- 5,000 of them in Memphis -- says multifamily apartment properties are experiencing their biggest bull market in 10 years.

Meanwhile, CB Richard Ellis Memphis reported multihousing in Memphis had a flat performance in the first quarter after a strong 2010. But its "Marketview" forecast improvement because of recent job announcements and an improving economic outlook.

The two biggest...

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Foreclosures for sale: Big supply, low prices

May 27, 2011

By Les Christie May 26, 2011: 5:16 AM ET

NEW YORK (CNNMoney) -- There's a three-year inventory of homes in foreclosure for sale, and that's devastating home prices.
Las Vegas has so many foreclosures that 53% of all the homes sold in Nevada are in some stage of foreclosure, according to a report from RealtyTrac, the online marketer of foreclosed properties.

Foreclosures represent 45% of sales in California and Arizona, and 28% of all existing home sales...

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